What Is the Paris Agreement/COP21? The Paris Agreement, also known as the Paris Climate Accord, is an agreement among the leaders of over 180 countries to reduce greenhouse gas emissions and limit the global temperature increase to below 2 degrees Celsius (3.6 Fahrenheit) above preindustrial levels by the year 2100. Ideally, the agreement aims to keep the
What Is the Paris Club? The Paris Club is an informal group of creditor nations whose objective is to find workable solutions to payment problems faced by debtor nations. The Paris Club has 22 permanent members, including most of the western European and Scandinavian nations, the United States, the United Kingdom, and Japan. The Paris Club
What Is Parity Price? Parity price refers to a price level that sets two assets or securities equal in value to one another. It is a concept that is used in several markets, including fixed income, equities, commodities, and convertible bonds. For convertible bonds, the parity price concept is used to determine when it is
What Is Stock Parking? Stock parking is the illegal practice of selling shares to another party with the understanding that the original owner will buy them back after a short time. The goal of stock parking is to conceal a stock’s real ownership while maintaining the appearance of regulatory compliance. Key Takeaways Stock parking occurs
What Is Partial Redemption? A partial redemption is the retirement or payment of a portion of a callable (or redeemable) security before its maturity date. Call (or prepayment) provisions govern how early redemptions, whether whole or partial, are handled. Issues may utilize a a redemption schedule that spells out the partial redemption over time, which
What Is Participating Preferred Stock? Participating preferred stock is a type of preferred stock that gives the holder the right to receive dividends equal to the customarily specified rate that preferred dividends are paid to preferred shareholders, as well as an additional dividend based on some predetermined condition. Participating preferred stock can also have liquidation
What Is a Participation Mortgage? The term participation mortgage refers to a type of home loan that allows different parties to team up and share in any income or proceeds that result from the rental or sale of a piece of a mortgaged property. Agreements may include partnerships between borrowers, between borrowers and lenders, or
What Is Owner Earnings Run Rate? Owner earnings run rate is an extrapolated estimate of an owner’s earnings (free cash flow) over a defined period of time — typically a year. Key Takeaways Owner earnings run rate is an extrapolated estimate of an owner’s earnings (free cash flow) over a defined period of time—typically a
What Is an Owner-Occupant? An owner-occupant is a resident of a property who holds the title to that property. In contrast, an absentee owner carries the title to the property but does not live there. An absentee landlord is a type of absentee owner. Key Takeaways Owner-occupants are residents who own the property where they live.Some
What Is Owners’ Equivalent Rent (OER)? Owners’ equivalent rent (OER) is the amount of rent that would have to be paid in order to substitute a currently owned house as a rental property. This value is also referred to as rental equivalent. In other words, OER figures the amount of monthly rent that would be
